HC Deb 10 April 1922 vol 153 cc44-5
91. Mr. MYERS

asked the Financial Secretary to the Treasury whether he is aware that Clause 10 of the prospectus circulated through the General Post Office relating to 5 per cent. National War Bonds conveys the intimation to the holders of these bonds that they have the option of converting their holding into 5 per cent. War Loan, 1929–47, upon giving 14 days' notice after any half-yearly interest date, namely, April and October; whether any variation has been made in the provisions of the Clause referred to, and, if so, for what purpose; and whether the holders of the National War Bonds have been made aware that the terms of the prospectus are not now operative?

The FINANCIAL SECRETARY to the TREASURY (Mr. Hilton Young)

No change has been made in the provisions of the prospectus of 5 per cent. National War Bonds, 1922, which remains fully operative. As I stated, in answer to the hon. Member for Wood Green on the 13th March, the latest date on which notice to convert under the prospectus into 5 per cent. War Loan is the 15th instant.